11h ago
The bull cycle (or crash) signal that everyone is silent about
The main events of recent times have been MegaETH and Momentum sales
$MEGA raised over $700M with a 14x oversubscription, and $MMT raised almost $83M with a 18x oversubscription (considering not everyone could participate)
This directly signals that the market is locally overheated, users have liquidity but no way out
What will happen next?
Sooner or later, a “vacuum cleaner” will appear to distribute user liquidity. In the best case scenario, this will be a new narrative, in the worst case, a big crash
This has happened with altcoins, NFTs, memecoins, and will probably occur soon with something else
Too much money, no narrative
992
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